Whomever shareholders vote for, they should use the universal BLUE
proxy or BLUE VIF, and disregard the
Company’s white proxy form, which restricts shareholders’ options for
the benefit of an entrenched board and management team. If you
haven’t received your BLUE proxy or BLUE VIF, please contact your broker
immediately and ask to obtain your BLUE VIF voting control number.
For ease of voting, shareholders can visit www.FixCPG.com,
and click on the “VOTE NOW” button to vote their BLUE control number
online.

Further, ISS has recommended shareholders vote AGAINST
the advisory vote on executive compensation. As has been previously
observed, under the current board’s compensation policies, company
management has been paid over $90 million since January 1, 2013, during
which time Crescent Point shareholders have lost over $10 billion in
market capitalization.

Cation’s reminds shareholders that all four of its highly qualified
nominees are committed to working with the board to realize the
Company’s true potential and create value for all shareholders over the
near and long term.

The choice is clear

Vote for Cation’s Nominees: Four highly experienced, committed
and independent Cation nominees, who together will urgently challenge
the status quo and constructively work to unlock value for shareholders.

The alternative is likely another year of value-destroying status quo,
under an inexperienced board that is unable to set a meaningful strategy
or reign in management’s egregious compensation.

INDUSTRY OBSERVERS AND ANALYSTS, INCLUDING LEADING PROXY ADVISORY
FIRM ISS, AGREE: CHANGE IS NEEDED IN THE CRESCENT POINT BOARDROOM

ISS, industry analysts and observers recognize that Crescent Point
has significantly underperformed in comparison to its self-selected peer
group:

“Over the past few years, Crescent Point has been a value-destruction
machine, even by the dismal standards of the Canadian energy
business.” – Globe & Mail, April 2018

“Crescent Point gained a reputation as a frequent share issuer as it
bulked up on oil assets. But many deals were done at higher oil prices
and now look overpriced …I think it's warranted to see a shakeup …The
company's strategy of buying everything and diluting shareholders
hasn't worked.” – Livermore Partners, April 2018

“[W]ith its [total shareholder return] at the bottom of the sector,
credibility is … an issue for the company. We note there are valid
concerns raised by the dissident.” – ISS, April 2018

“The battle at Crescent Point comes as the company’s share price has
underperformed its peers over the past one, three and five-year
periods. Since Jan. 1 2013, Crescent Point’s share price is down by
almost 80 per cent.” – Financial Post, April 2018

Repeated efforts to “renew” Crescent Point’s board have been
ineffective:

“We note that a majority of [Crescent Point’s] … nominees lack
substantial previous public board experience …in terms of corporate
governance, it does not appear that the nominees added over the last
few years by the company have been ideal choices in terms of improving
board oversight.” – ISS, April 2018

“It [ISS] also recommends shareholders withhold their votes for two of
the company’s nominees: Mike Jackson (chair of the compensation
committee) and Rene Amirault (chief executive of Secure Energy
Services. In 2017, Crescent Point paid Secure $12.9 million ‘in the
normal course of business.’)” – Financial Post, April 2018

“ISS said Amirault is a ‘non-independent board member,’ while Jackson
‘lacks prior board experience and not does not appear to possess
substantial relevant experience in the industry.’” – Financial
Post, April 2018

The current board has failed and shareholders should support change:

“Given where the valuation is, we see limited downside and believe the
stock could still capture some of this value just by sticking to its
strategy. However, wholesale change at the management/board level is
likely required to fully realize this value.” – Raymond James, Aug
2017

“We expect that a view to renew the board would be favorably received
by investors.” – RBC Capital Markets, April 2018

“[C]hange on the board appears warranted” and “[t]he dissident has
made a reasonably compelling case for some change to the incumbent
board.” – ISS, April 2018

Like many shareholders, Cation agrees that substantial change is
urgently needed at Crescent Point and believe that with independent,
experienced leadership the Company will create significant, long-term
value for all shareholders.

ALL FOUR CATION NOMINEES ARE NEEDED TO EFFECT MEANINGFUL CHANGE AT
CRESCENT POINT

Cation’s four highly qualified, independent candidates – Dallas J. Howe,
Herbert C. Pinder, Thomas A. Budd, and Sandy L. Edmonstone – bring
essential board, industry and capital markets experience to Crescent
Point. Unlike the current board, which has been carefully curated to
support the status quo, all four of Cation’s nominees, if elected,
will work to improve the leadership culture at Crescent Point and are
committed to restoring market confidence in Crescent Point, enhancing
the share price and ensuring the long-term sustainability of the Company.

Cation’s nominees are:

Dallas J. Howe. Mr. Howe is the former Chair of the Board of
Potash Corporation of Saskatchewan Inc. He also is a former director
and Chair of the Compensation Committee of Viterra Inc., a Canadian
agribusiness built on the foundation of Saskatchewan Wheat Pool Inc.
and Agricore United. Mr. Howe has served on and chaired Corporate
Governance and Nominating, Audit and Compensation committees in the
private, public and not-for-profit sectors. Mr. Howe has been the
recipient of many achievements including, in 2009, being made an ICD
Fellow by the Institute of Corporate Directors. In his role as Chair
of Potash Corporation, Mr. Howe was instrumental in thwarting the
hostile bid initiated by BHP Billiton. In his position at Viterra, Mr.
Howe oversaw the acquisition of Viterra by Glencore International plc.

Herbert C. Pinder. Mr. Pinder brings to the board significant
board experience, including corporate governance expertise. Mr. Pinder
has served on more than 40 public, private, not-for-profit and crown
boards with a focus on the energy sector. Mr. Pinder currently serves
as a director of ARC Resources Ltd. where he is the Chair of the
Policy and Board Governance Committee and is Chair of the board of
directors of Astra Oil Corp. Mr. Pinder also served as a director of
Renegade Petroleum Ltd. from April 2013 to March 2014 during which
time Renegade successfully repelled a leading energy activist fund in
a proxy contest seeking to replace the entire board.

Thomas A. Budd. Mr. Budd is the President of Focus Advisory
Corp. and an independent businessman. Mr. Budd has extensive
experience providing mergers, acquisitions and financial advice on a
significant number of Canadian oil and gas transactions. Most
recently, Mr. Budd served as President and Vice Chairman, Head of
Investment Banking at GMP Corp. and Griffiths McBurney Canada Corp.
from April 1996 until 2008. Mr. Budd also served as a director of
Renegade Petroleum Ltd. from April 2013 to March 2014 and was the
Chair of Renegade and a member of its special committee during a proxy
contest in which Renegade successfully repelled a leading energy
activist fund seeking to replace the entire board.

Sandy L. Edmonstone. Mr. Edmonstone is the President of Cation
Capital Inc. Mr. Edmonstone was previously Executive Director and
Deputy Head of Global Oil & Gas within the Macquarie Group, where he
oversaw global energy platform operations. Mr. Edmonstone has advised
on a variety of mergers and acquisitions, asset dispositions,
restructurings and shareholder-value maximization processes. Mr.
Edmonstone has been involved in mandates specifically focused on
securityholder rights, ensuring securityholders receive maximum value
for their investment. Recently, he led an investor initiative that
resulted in approximately 500% additional consideration for
securityholders than what the board had unanimously recommended. Mr.
Edmonstone is also a graduate of the Institute of Corporate Directors’
Education Program, holding the ICD.D designation.

The election of all four nominees is necessary to affect the urgent
actions needed to unlock shareholder value. Once elected, Cation’s
nominees are committed to working constructively with other directors to:

Realign executive compensation with shareholder interests

Prioritize and optimize capital allocation and capex

Assess sustainability of current dividend and growth model

Implement cost-savings initiatives

Reduce debt

The shareholders of Crescent Point should not and cannot continue to
accept poor results, especially from a company with such tremendous
assets and potential. Rather, based on study and analysis, we believe
Crescent Point has multiple opportunities to drive significant
shareholder value.

Shareholders are also encouraged to visit www.FixCPG.com
to learn more about how the right people with the right plan can work
constructively with the full board and management to create long-term
value for all Crescent Point shareholders. A copy of Cation Capital’s
information circular is available on Crescent Point Energy Corp.’s SEDAR
profile at www.sedar.com.

Vote your BLUE form of proxy today or no later than 5:00 p.m.
(Calgary time) on May 1, 2018.Even if you have voted the White
proxy, it is not too late. A later-dated BLUE proxy will replace any
previously voted White proxy.

Cation urges shareholders to vote using the BLUE universal proxy
card, recommended by ISS, which allows shareholders to easily select the
directors they wish to represent them. Shareholders are advised to
disregard the WHITE card which limits shareholder choice and only
enables the voting for incumbent directors nominated by Crescent Point’s
management.

Shareholders with questions about voting their shares or for other
questions or assistance, please contact Cation’s strategic shareholder
advisor and proxy solicitor, D.F. King, at 1-800-835-0437 toll-free in
North America, or 1-201-806-7301 outside of North America (collect calls
accepted), or by e-mail at inquiries@dfking.com.

About Cation Capital Inc.

Cation Capital Inc., together with its affiliates and associates, is a
private investment firm headquartered in Alberta, Canada. Cation invests
in situations where it is able to influence operational, financial and
strategic direction. Cation seeks value in companies that are
experiencing financial or operational challenges, are in out of favour
sectors or are otherwise in need of change to drive significant
long-term value for stakeholders.